How AI Startups Are Raising Money With GPU Credits Instead of Cash
How AI Startups Are Raising Money With GPU Credits Instead of Cash
How do AI startups raise money without revenue when a single training run can cost more than a seed round? Increasingly, they don't raise cash at all, they trade equity directly to cloud providers for GPU compute credits, a mechanic that hides real dilution and lock-in risk until a founder tries to switch providers or close a priced round.
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